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29 March 2024


Business Insider Bangladesh

Stocks down as large-cap shares fail to shine

BI Report || BusinessInsider

Published: 01:59, 20 September 2021  
Stocks down as large-cap shares fail to shine

Dhaka Stock Exchange logo

Dhaka stocks on Sunday witnessed a downward trend due mainly to price fall in large-cap securities.

DSEX, the benchmark index of the Dhaka Stock Exchange, rose by 28 points at the start of the day but the momentum diminished after a while.

Large-cap shares of British American Tobacco Company, Grameenphone, Lafarge Holcim Cement, Beximco Pharma, NRBC Bank, Olympic, Beacon Pharma, South-Bangla Bank, Delta Life and multinational Reckitt Benckiser were downbeat.

However, the shareholders of information technology and insurance sector were somewhat relieved on this day of decline.

On the other hand, mutual funds, food, engineering, banks, financial institutions, and power and energy sectors suffered the most.

Of the 10 companies on the DSE’s Top Ten Losers list, eight or 80 percent were from the mutual fund sector. The remaining two or 20 percent were from paper sector.

DSEX fell by 36.50 points or 0.50 percent to close at 7,191.80 points.

Among other DSE indices, the shariah-based DSES declined by 10.30 points or 0.65 percent and the blue-chip DSE-30 Index declined by 18.73 points or 0.70 percent to 1566.80 points and 2655.81 points respectively.

Securities worth Tk 2,033.77 crore were traded on the DSE on the day, down by Tk 137.54 crore from the previous working day. The previous day’s transaction was worth Tk 2,171.31 crore.

Shares and units of 376 companies were traded on the DSE on Sunday. Of these, prices of 106 or 28.19 percent increased, 244 or 68.89 percent decreased and 26 or 6.92 percent remained unchanged.

Beximco’s shares were the most traded on the DSE followed by Lankabangla Finance, Beximco Pharma, Saif Power, Alif Industries, IPDC, Domino’s Steel, Islamic Finance and British American Tobacco.

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